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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Amy J who wrote (27461)2/24/2005 10:58:53 PM
From: John VosillaRead Replies (1) of 306849
 
But a lot of people are living in a smaller place than what they want to be, but like Suma said, many people can't move. So, after a decade of flat prices, we eventually could see luxury uptick first as people move up. But by then, it's equally possible the boomers could begin one of the largest Demographic trends in American history - the great wave of retirees, putting downward pressure on luxury homes as people downsize. But here's a thought: what are the odds boomers surprise all of us and keep working past the normal retirement age? Demographically speaking, boomers have a great reputation for working hard and enjoying work.

Maybe the trend will be towards low maintenance modest sized semi-luxury condos, townhomes and zero lot single family. Boomers in general will travel and eat out a lot more so than prior generations. As little housework and yardwork as possible. I think the oversized, very expensive homes on big lots in way out in the burbs will have the greatest oversupply.

What surprises many from the northeast who come down to the sunbelt to visit is how much living space we seem to have here compared to up there. I'm sure it is that way in most newer high growth areas that were reasonably priced prior to this recent bubble.

CAP = net operating income/market value
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